ERACON: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ERACON
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€711,795
2024 · €422,416+€289,379
Equity
€12.3m
2024 · €11.6m+€705,862
Cash
€1.8m
2024 · €1.8m+€20,207
Balance sheet total
€12.8m
2024 · €12.3m+€535,576
Largest movements
Assets
- Current investments +€637,081
up €637,081, from €0 to €637,081
Equity and liabilities
- Reserves +€705,862
up €705,862 (+19.5%), from €3.6m to €4.3m
- Debts after one year -€182,400
down €182,400 (-49.3%), from €370,046 to €187,646
of which Financial debts: -€182,400
Income statement
- Financial income +€301,401
up €301,401 (+50.9%), from €591,962 to €893,363
- Taxes +€29,215
up €29,215 (+65.9%), from €44,313 to €73,529
- Depreciation -€10,887
down €10,887 (-5.1%), from €211,560 to €200,672
- Gross operating margin +€7,809
up €7,809 (+7.6%), from €102,583 to €110,392
- Other operating charges +€2,539
up €2,539 (+23.1%), from €10,998 to €13,536
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€422,416
Gross operating margin
+€7,809
Depreciation
+€10,887
Other operating charges
-€2,539
Financial income
+€301,401
Financial charges
+€1,037
Taxes
-€29,215
Result 2025
€711,795
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€999,507
Investment
-€779,956
Financing
-€199,343
Cash 2024
€1.8m
From operations (derived)
+€999,507
Net result for the year
+€711,795
Depreciation
+€200,672
Receivables within one year
+€63,600
Deferred charges and accrued income
+€315
Trade debts
+€3,140
Tax, wage and social debts
+€66,415
Other debts
-€39,518
Accrued charges and deferred income
-€6,913
Investment (derived)
-€779,956
Investment in fixed assets (net)
-€142,876
Current investments
-€637,081
Financing
-€199,343
Debts after one year
-€182,400
Current portion of long-term debt
-€11,011
Contributions, distributions and other
-€5,932
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,283,009 | €12,818,585 | +€535,576 | +4.4% |
| Fixed assets | 21/28 | €10,375,321 | €10,317,524 | -€57,797 | -0.6% |
| Tangible fixed assets | 22/27 | €2,662,736 | €2,604,939 | -€57,797 | -2.2% |
| Land and buildings | 22 | €2,421,654 | €2,328,701 | -€92,953 | -3.8% |
| Plant, machinery and equipment | 23 | €91,754 | €96,996 | +€5,243 | +5.7% |
| Furniture and vehicles | 24 | €149,328 | €179,241 | +€29,914 | +20.0% |
| Financial fixed assets | 28 | €7,712,585 | €7,712,585 | = | 0.0% |
| Current assets | 29/58 | €1,907,689 | €2,501,061 | +€593,372 | +31.1% |
| Amounts receivable within one year | 40/41 | €124,206 | €60,606 | -€63,600 | -51.2% |
| Trade receivables | 40 | €69,202 | €14,144 | -€55,058 | -79.6% |
| Other amounts receivable | 41 | €55,005 | €46,462 | -€8,542 | -15.5% |
| Current investments | 50/53 | €0 | €637,081 | +€637,081 | |
| Cash at bank and in hand | 54/58 | €1,778,204 | €1,798,412 | +€20,207 | +1.1% |
| Deferred charges and accrued income | 490/1 | €5,278 | €4,963 | -€315 | -6.0% |
| Total equity and liabilities | 10/49 | €12,283,009 | €12,818,585 | +€535,576 | +4.4% |
| Equity | 10/15 | €11,562,100 | €12,267,962 | +€705,862 | +6.1% |
| Contributions | 10/11 | €7,946,560 | €7,946,560 | = | 0.0% |
| Reserves | 13 | €3,615,540 | €4,321,402 | +€705,862 | +19.5% |
| Distributable reserves | 133 | €3,615,540 | €4,321,402 | +€705,862 | +19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €720,909 | €550,623 | -€170,287 | -23.6% |
| Amounts payable after more than one year | 17 | €370,046 | €187,646 | -€182,400 | -49.3% |
| Financial debts | 170/4 | €368,046 | €185,646 | -€182,400 | -49.6% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €336,620 | €355,646 | +€19,025 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €193,411 | €182,400 | -€11,011 | -5.7% |
| Trade debts | 44 | €42,981 | €46,121 | +€3,140 | +7.3% |
| Suppliers | 440/4 | €42,981 | €46,121 | +€3,140 | +7.3% |
| Taxes, remuneration and social security | 45 | €54,778 | €121,193 | +€66,415 | +121.2% |
| Taxes | 450/3 | €54,778 | €121,193 | +€66,415 | +121.2% |
| Other amounts payable | 47/48 | €45,450 | €5,932 | -€39,518 | -86.9% |
| Accrued charges and deferred income | 492/3 | €14,243 | €7,331 | -€6,913 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,560 | €200,672 | -€10,887 | -5.1% |
| Other operating charges | 640/8 | €10,998 | €13,536 | +€2,539 | +23.1% |
| Gross operating margin | 9900 | €102,583 | €110,392 | +€7,809 | +7.6% |
| Operating profit (loss) | 9901 | -€119,974 | -€103,817 | +€16,157 | +13.5% |
| Financial income | 75/76B | €591,962 | €893,363 | +€301,401 | +50.9% |
| Recurring financial income | 75 | €591,962 | €893,363 | +€301,401 | +50.9% |
| Financial charges | 65/66B | €5,259 | €4,223 | -€1,037 | -19.7% |
| Recurring financial charges | 65 | €5,259 | €4,223 | -€1,037 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €466,729 | €785,323 | +€318,595 | +68.3% |
| Income taxes | 67/77 | €44,313 | €73,529 | +€29,215 | +65.9% |
| Profit (loss) for the period | 9904 | €422,416 | €711,795 | +€289,379 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €422,416 | €711,795 | +€289,379 | +68.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.